#electricity is everything so #electricians run things on site. We happen to have the best one as a partner.

Yo OBM | Foreman, you’re repped in Brooklyn.

Just like FTX, when $ETH collapses it will be obvious that the signals were everywhere. Convert to $BTC while and if you can.

ETH DeFi is inseparable from 1) the control & discretion of a small group of people + 2) the ponzinomics that drove FTX's collapse. ~75% of Ethereum blocks are censored due to "compliant" staking pools. That happened within just weeks of Ethereum's shift to PoS.

The Maestro Energy Management Team. OBM | Foreman Sangha Systems and CSD Energy

It is happy hour somewhere, right? 🍺 Similarly, it is peak #solar production somewhere on the planet ☀️ We are launching Mitra to harvest #Bitcoin hash rate produced by the sun from around the 🌍 With Mitra, the sun will never set on #Bitcoin optimizeinfrastructure.com/mitra

Very excited to be working with the Optimize Infrastructure team on Sangha Systems shared vision of a solar powered Bitcoin network! Let’s get after it brother!

Electricity is a local commodity that cannot be stored in warehouses or shipped, unlike global commodities, e.g., gold, oil, grains, gas, spices. Pricing, even in mature electricity markets, reflects local market dynamics.

When local demand is low, renewable sites face congestion and curtailment issues with no global market to sell into. These revenue constraints will worsen over time, not improve.

Bitcoin mining creates a global market for electricity that will encourage investment into renewable energy projects with a new revenue frontier. This is an historical and revolutionary technological advancement.

Instead of a market restricted by wires and poles, as spencer says, “renewable energy companies can utilize 0s and 1s to sell electricity into a location-agnostic, instantaneous, highly liquid marketplace.”

Over the last five years, a renewable energy producer deploying the best Bitcoin miners, would have received ~ $200/MWh, 5x typical solar and wind revenue in the United States.

Bitcoin Mining & Renewable Energy

Good thread by Daniel Feldman MBhangley @PeirceColin and myself.

Proud of the Sangha Systems team for this!

#Bitcoin mining computers are valued by terra hash (TH), the unit used to rate data processing power. Each TH is 1 trillion hashes per second. Current miners run at over 100 TH/s. 18 months ago they cost up to $100 / TH. Now they cost $15. How much will they cost post halving?

Impressed with the team at Sangha Renewables (@sanghasystems), an energy-first #BTC #mining development firm, leading the way in working with renewable energy producers to provide curtailment mitigation services. They identify renewable energy sites with revenue headwinds and

Looking forward to this chat with Sangha Systems alum @asicsandapes. We get to kick it on old things and new things at the intersection of mining x energy x ordinals. x.com/i/spaces/1Yqxo…

Sangha Systems is screening STRANDED next week in New York City. It’s a free event with a really cool group of folks. 😊✊🗽 Eventbrite link to sign up: eventbrite.com/e/814541665047… #stranded #bitcoinmining #documentary